HEERLEN, NETHERLANDS--(Marketwire - May 3, 2011) -
Royal DSM, the global Life Sciences and Materials Sciences company, today
announces that it has completed the sale of DSM Elastomers to LANXESS for
EUR 310
million on a cash and debt-free basis. This completes the final stage of
the
transformation of DSM that began with the divestment program DSM announced
in
September 2007 as part of its Accelerated Vision 2010 program.
After all regulatory approvals were received DSM and LANXESS completed the
transaction effective as per 1 May 2011. The transaction, which was
announced on
14 December 2010, will result in a book profit of more than EUR 100 million
for
DSM in Q2 2011.
DSM Elastomers produces the synthetic rubber ethylene-propylene-diene
monomer
(EPDM) under the brand name Keltan®. DSM Elastomers, based in Sittard-
Geleen
in the Netherlands, has roughly 420 employees worldwide and will become
part of
the Technical Rubber Products business unit of LANXESS. Employees have
transferred to the new owner. LANXESS plans to transfer the headquarters
for the
combined EPDM business from Marl (Germany) to Sittard-Geleen.
DSM - Bright Science. Brighter Living.™
Royal DSM N.V. is a global science-based company active in health,
nutrition and
materials. By connecting its unique competences in Life Sciences and
Materials
Sciences DSM is driving economic prosperity, environmental progress and
social
advances to create sustainable value for all stakeholders. DSM delivers
innovative solutions that nourish, protect and improve performance in
global
markets such as food and dietary supplements, personal care, feed,
pharmaceuticals, medical devices, automotive, paints, electrical and
electronics, life protection, alternative energy and bio-based materials.
DSM's
22,000 employees deliver annual net sales of about EUR 9 billion. The
company is
listed on NYSE Euronext. More information can be found at www.dsm.com
Press release-pdf:
http://hugin.info/130663/R/1511678/447103.pdf
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Source: DSM N.V. via Thomson Reuters ONE
[HUG#1511678]